"Courage is like love; it must have hope for nourishment."
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10 Things You Should Know About Credit Cards
Maybe these 10 items may answer some questions you have about using credit cards. Make sure to check out the link in #1.#1. Don't Use Them.Credit cards accounted for 1.3 million Americans filing bankruptcy in 1998. #2. If you use credit cards pay them off ...
Alternatives to Credit Cards
Are you one of those people who only ever got a credit card for the convenience of being able to pay without cash, or because you weren't aware of any other easy way to borrow money? Millions of us are, thanks to the unavoidable advertising of the credit ...
How many Credit Cards do I need?
Using a credit card has become a very common way for a family to pay for the items it needs and wants. According to CardWeb.com, a firm that tracks the credit industry, the typical American family of four carries about $8,100 in installment debt-most ...
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Debit Cards.
Debit cards are often used in many European countries, but are relatively unheard of elsewhere. Basically, they're just like credit cards and are accepted everywhere credit cards are accepted - the only difference is that they take any money you spend directly from your bank account, instead of you getting a bill at the end of the month. You should be aware, though, that you aren't as well-protected from fraud with a debit card as you would be with a credit card.
Pre-Paid Credit Cards.
These are cards that work just like credit cards, except that you can't have a negative balance - you have to put money on the card before you can spend it. That means that you 'top-up' the card, like you would a mobile phone. This is good if you want to know how much you're spending, not to mention that you can even give the cards to children. They're also safer than debit cards, since someone who stole the card could only spend whatever money was on it at the time.
Bank Overdrafts.
A good bank overdraft, used together with a credit card, can be a far better way of borrowing money than using a credit card. Your overdraft limit is set by the bank according to how much you gets paid into your account each month, and you don't need to pay it off until you want to.
Basically, it just gives your account the facility to go into minus numbers, if you want it to. Many banks charge relatively high interest rates for overdrafts, but rarely as high as a credit card - and they will give much better rates for good customers.
Real Loans.
When you're buying one big thing at a fixed price (like a car), or you're going to spend all the money on one type of thing (home improvements, for example), it's worth budgeting it all out and going to a bank or another loan company. They'll be able to lend you the money at a much better rate than a credit card would, simply because they know why you're taking the loan and can set regular monthly payments for you to repay it.
Credit Unions.
Credit unions are like banks, only more local. They are co-operative, owned by their members and run by the community, and are a great place to borrow money. This is because there are limits in law on how much interest credit unions can charge, and they don't need to make a profit for owners or shareholders, because they don't have any. It's well worth checking if there's one in your area.
About the Author
Gordon Goh is the owner of Easy Credit Card Guide.com offering free credit card information for everyone. You can receive a free credit card at http://www.easy-credt-card-guide.com and free Credit Debt Repair Guide at http://credit-debt-repair.cogia.net
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 Teens accused of stealing, using neighbor's credit cards (Kingston Daily Freeman)
RHINEBECK - Two Rhinebeck teenagers face felony charges after stealing a neighbor's credit cards and racking up over $9,000 in online purchases, according to Rhinebeck village police.
Many use credit cards for cancer treatment (UPI)
NEW YORK, Aug. 28 (UPI) -- Twenty percent of U.S. adults who experience a critical illness use a credit card to finance recovery-related expenses, a survey indicates.
Couple charged with ‘unauthorized’ use of credit cards (Philippine Daily Inquirer)
MANILA, Philippines – A daughter of the late Sen. Raul Roco and her husband, a grandson of President Manuel L. Quezon, are facing criminal charges for allegedly using – without authorization – the corporate credit cards of a company she used to work for to pay for their trips abroad.
National Multicultural Coalition Releases New Data on Use of Low Limit Credit Cards (Centre Daily Times)
Today, Citizens for Equal Access to Credit, a diverse, multicultural nonprofit coalition, released a study that surveyed the usage of low limit cards in the United States. To illustrate the ability of consumers to re-establish their credit, TransUnion, on behalf of Citizens for Equal Access to Credit conducted an analysis of the "graduation rates" of cardholders over a 24 month period. The ...
UnionPay issues 150,000 credit cards in ROK (China Daily)
China UnionPay, a bankcard association headquartered in Shanghai, has issued more than 150,000 UnionPay credit cards in the Republic of Korea (ROK) since the initial issuance in February.
Banks going slow on sale of credit cards (HT via Yahoo! India News)
If you are getting less of those pesky calls, offering a hassle-free issue of credit card, here's why. Banks are going slow on sale of credit cards, as rising interest costs coupled with spiraling inflation have forced many customers to miss payment deadlines, and, in some cases, even default.
Study: Sharing credit cards causes spats (AP via Yahoo! Finance)
Be careful before signing up for a credit card with your spouse. It may cause a fight. A study released Wednesday by CreditCards.com found one out of five people who share a credit card say it has sparked a fight with the other account holder.
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